Guideline Value for Muthu Ramalinga Devar Street

Muthu Ramalinga Devar Street guideline value

The current guideline value of Muthu Ramalinga Devar Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Kerugambakkam village, under the Pammal SRO, and falls under the Residential Class II Type - II land classification.

How the guideline value of Muthu Ramalinga Devar Street has changed

The guideline value for Muthu Ramalinga Devar Street has undergone several revisions over the years. The 2017 revision set the value at Rs 1,206 per sq.ft. In 2023, this value increased to Rs 1,800 per sq.ft, marking a 49% rise. The most recent revision in 2024 has further increased the value to Rs 1,980 per sq.ft, which is a 10% increase from the previous year. The overall change from the 2017 revision to the 2024 revision is a significant 64% increase.

There are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kerugambakkam

In Kerugambakkam, there are 144 streets under the Pammal SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 4,800 per sq.ft. The median value among these streets is Rs 2,200 per sq.ft, placing Muthu Ramalinga Devar Street's 2024 figure below this median.

• Muthu Mariamman Koil Street: Rs 1,980 per sq.ft (2024)
• Multi Industrial Nagar: Rs 2,750 per sq.ft (2024)
• Moorthy Nagar: Rs 1,760 per sq.ft (2024)
• M.K.Nagar: Rs 1,980 per sq.ft (2024)
• M.G.R.Street (ward 9): Rs 1,980 per sq.ft (2024)
• M.G.R.Street (ward 1): Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Muthu Ramalinga Devar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, while the registration fee at 2% would be Rs 39,600. Together, the total cost would be Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Muthu Ramalinga Devar Street?

The Sub Registrar Office that covers Muthu Ramalinga Devar Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kerugambakkam

The guideline value is a crucial factor in the registration process when buying or selling property in Kerugambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is used to calculate the associated fees, ensuring that the transaction is recorded accurately and in compliance with local regulations.

Frequently asked questions

What is the current guideline value of Muthu Ramalinga Devar Street?

The current guideline value of Muthu Ramalinga Devar Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,206 per sq.ft in 2017 to Rs 1,980 per sq.ft in 2024, which is a total increase of 64% over this period.

What is the land classification for Muthu Ramalinga Devar Street?

Muthu Ramalinga Devar Street is classified under Residential Class II Type - II.

Which office handles registrations for properties in this area?

The Pammal Sub Registrar Office handles registrations for properties in Muthu Ramalinga Devar Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is the stamp duty calculated for properties on this street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 19,80,000 would incur a stamp duty of Rs 1,38,600 at a rate of 7%.